Property and equipment

12 Months Ended

Aug. 31, 2012

Note 4 — Property and equipment

Components of property and equipment are as follows:


	August 31,
	2012			2011
	(Dollars in thousands)
Land and land improvements	$	11,623		$	10,552
Plant and equipment		346,087			330,273
Construction in progress		7,679			6,375

		365,389			347,200
Accumulated depreciation		(252,198	)		(239,828	)

Net property and equipment	$	113,191		$	107,372

The above table includes approximately $1.0 million and $0.5 million of net property and equipment under capital leases for fiscal years 2012 and 2011, respectively. At August 31, 2012 and 2011, the Company had approximately $1.1

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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